Nvidia Leads Chip Stocks Higher Monday as Markets Rebound | Global News Avenue

nvidia(NVDA) The stocks obtained Monday received other chip stocks to boost the technology sector as major U.S. indexes hope to rebound Friday’s losses.

NVIDIA shares are close to 3%, with $133.56 intraday trading, making it one of the best performing stocks Dow Jones Industrial Average. Stakes in several NVIDIA partners, including Micron Technology (mu), Dell (Dell) and super (SMCI) has also climbed, as well as other chip stocks including Broadcom (avgo), advanced micro-equipment (AMD), Qualcomm(QCOM), Western numbers (WDC) and Intel (INTC).

The surge has helped expand the wider tech sector and has several other large hat members”The grand 7“Stocks have also improved. Technology is heavy Nasdaq More than 1%, and S&P 500 Get 0.6%, and the Dow Jones Index is 0.2%.

NVIDIA’s revenue is after partner TSMC (TSM) reported that the trend in sales is that ahead of NVIDIA’s earnings report on February 26, Evercore ISI analysts on Monday included chipmakers in their “tactical outperform” list, a potential catalyst for the stock.

Analysts released a price target of $190, 40% higher than Monday’s intraday price. The average target of the analysts in the Alpha survey, although Recent pressure Among concerns about the speed of Big Tech’s AI spending, it’s about $174, suggesting an uptick of about 30%.